Netherlands (NLD) and Denmark (DNK) Trade

2022

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Exports $7.01BRnk 12 / 224

2022

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About

Netherlands-Denmark Trade: In 2022, Netherlands exported $7.01B to Denmark. The main products that Netherlands exported to Denmark were Refined Petroleum ($742M), Computers ($514M), and Broadcasting Equipment ($479M). Over the past 5 years the exports of Netherlands to Denmark have increased at an annualized rate of 19.2%, from $2.92B in 2017 to $7.01B in 2022.

In 2020, Netherlands exported services to Denmark worth $3.31B, with Transportation ($1.66B), Other business services ($735M), and Royalties and license fees ($453M) being the largest in terms of value.

Denmark-Netherlands Trade: In 2022, Denmark exported $4.05B to Netherlands. The main products that Denmark exported to Netherlands were Refined Petroleum ($831M), Electricity ($479M), and Other Engines ($263M). Over the past 5 years the exports of Denmark to Netherlands have increased at an annualized rate of 15.1%, from $2.01B in 2017 to $4.05B in 2022.

In 2020, Denmark exported services to Netherlands worth $2.59B, with Transportation ($1.46B), Other business services ($430M), and Computer and information services ($182M) being the largest in terms of value.

Comparison: In 2022, Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11), and 6 in total exports ($674B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Latest Trends

October, 2022

About

Overview In October 2022, Netherlands exported €776M and imported €525M from Denmark, resulting in a positive trade balance of €251M. Between October 2021 and October 2022 the exports of Netherlands have increased by €82M (11.8%) from €694M to €776M, while imports increased by €74M (16.4%) from €451M to €525M.

Trade In October 2022, the top exports of Netherlands to Denmark were Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€34M), Medicaments (including veterinary medicaments) (€32M), Crude vegetable materials, n.e.s. (€20M), Other meat and edible meat offal,... (€18M), and Petroleum oils and oils obtained from... (€18M). In October 2022 the top imports of Netherlands from Denmark were Petroleum oils and oils obtained from... (€36M), Furniture and parts thereof; bedding, mattresses,... (€15M), Medicaments (including veterinary medicaments) (€13M), Petroleum oils and oils obtained from... (€12M), and Fish, fresh (live or dead), chilled... (€10M).

Growth In October 2022, the increase in Netherlands's year-by-year exports to Denmark was explained primarily by an increase in product exports in Medicaments (including veterinary medicaments) (€16M or 100%), Other meat and edible meat offal,... (€7M or 63.6%), and Wire products (excluding insulated electrical wiring)... (€2M or 200%). In October 2022, the increase in Netherlands's year-by-year imports from Denmark was explained primarily by an increase in product imports in Fish, crustaceans, molluscs and other aquatic... (€2M or 66.7%), Cheese and curd (€1M or 16.7%), and Ferrous waste and scrap; remelting scrap... (€1M or 100%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2021 - October 2022)€82M(11.8%)

IMPORT GROWTH (October 2021 - October 2022)€74M(16.4%)

This section shows exports and imports data at subnational level for Netherlands. Click any date in the line plot or any product to explore the exports or imports behavior of Netherlands over time.

To check Denmark and Netherlands trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Netherlands exported $7.01B to Denmark. The main products exported from Netherlands to Denmark were Refined Petroleum ($742M), Computers ($514M), and Broadcasting Equipment ($479M). During the last 5 years the exports of Netherlands to Denmark have increased at an annualized rate of 19.2%, from $2.92B in 2017 to $7.01B in 2022.

In 2017, Denmark exported $4.05B to Netherlands. The main products exported from Denmark to Netherlands were Refined Petroleum ($831M), Electricity ($479M), and Other Engines ($263M). During the last 22 years the exports of Denmark to Netherlands have increased at an annualized rate of 15.1%, from $2.01B in 1995 to $4.05B in 2017.

Exports from Netherlands () to Denmark () (2022)

Exports from Denmark () to Netherlands () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Netherlands
Top DestinationGermany$131B

Denmark
Top DestinationGermany$18.9B

This map shows whether countries import more from Netherlands or Denmark. Each country is colored based on the difference in imports they receive from Netherlands and Denmark or the difference in the growth in imports.

In 2022, countries that imported more from Netherlands than Denmark included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

In 2022, countries that imported more from Denmark than Netherlands included Norway ($6.53B), Greenland ($587M), and Marshall Islands ($204M).

Difference in imports from Denmark () and Netherlands () (2022)

Comparative Advantage Netherlands - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Netherlands and Denmark by product, considering products traded by both, Netherlands and Denmark.

During 2022, Netherlands had a large net trade with Denmark in the exports of Machines ($2.73B), Mineral Products ($1.24B), and Chemical Products ($1.08B).

During 2017, Denmark had a large net trade with Netherlands in the exports of Mineral Products ($1.66B), Machines ($1.42B), and Chemical Products ($709M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Netherlands Denmark+$82.3MRefined Petroleum

Top Product Potential Denmark Netherlands+$148MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Dnk Year

Nld Year

Service trade data is presented based on availability.

Services Exports from Netherlands () to Denmark () (2020)

Services Exports from Denmark () to Netherlands () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Netherlands and Denmark. This means that a dot/product with the flag of Netherlands indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Netherlands.

Product Space of Netherlands () and Denmark () (2022)

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